Under tort law, compensatory damages are awarded in order to
a. compensate individuals who are injured as a result of the intentional behavior of others.
b. compensate individuals who are injured as a result of the negligent behavior of others.
c. punish those who injure others intentionally
d. to deter others from taking risks
B
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Suppose you are the owner of a softball team and you are hiring laborers (players). Suppose also that not all players are equally talented, but that union rules require that they all receive the same salary. If you measure output by the number of runs scored in a season, your total variable cost curve will take what shape, and why?
a. U-shaped because softball teams like this one are no different from other businesses b. U-shaped because even though salaries are identical, some players are better and will score more runs c. increasing but at different rates because there are only so many times players can come to bat d. increasing but at different rates because even though salaries are identical, some players are better and will score more runs e. increasing at a constant rate because union rules require uniform salaries for players
In the long run import quotas do not affect the size of net exports
a. True b. False Indicate whether the statement is true or false